Subtle, yet important. That’s what the changes in the precious metals were like on Friday. The breakdowns in gold and mining stocks were verified, just like they were supposed to, and we made money on this rebound through the quick long position (10th profitable - unleveraged - trade in a row). As the breakdown below the head-and-shoulders was just verified, the next move is likely to be to the downside. The previous 2023 lows might provide some support, but since we already saw a rebound from – approximately – those levels, I don’t think reaching them would be able to generate a sizable rebound. And once junior ... (full story)